wvucoinman

I know how this guy feels. Half of my coins are NGC and the other half are PCGS. I am sure in the future most people who do a crossover will crossover to PCGS and not tell NGC that there slabbed coins no longer exist. There will be tons of phantom coins in the NGC registry. Is it fair for someone to compete in a phantom registry set? NGC, you have goofed. You do not change the rules midstream.

The numismatic hobby is a dying hobby. We are not increasing our numbers by attracting younger people and the older collectors are dying off. The NGC has just put another nail in the coffin. Many of us have spent many hours and many thousands of dollars putting registry sets together (like a dog chasing his tail) to move up the registry ladder. Now we are forced to choose between PCGS or NGC and spend thousands of dollars to crossover, cracking the coins open to have them regraded or potentially purchasing new but equally graded coins. How many of us are just going to throw the coins over into a pile and find another addiction to spend our money on. For the third time, our best solution is to contact the ANA Board of Governors and lobby them to form a national registry set. This is where the registry sets should be. And, we should take the control out of the hands of the people who are only interested in the bottom line.

Do not discount the popularity of the registry set driving up the interest in coin collecting. NGC's decision will initially hurt your auction business and the hobby as a whole. It is only a matter of time before NGC removes the PCGS coins completely from their registry set. People who have collected both PCGS and NGC coins and added them to their NGC registry sets will not look through different auction houses every week seeking upgrades or new coins for their registry sets. They will be discouraged. Most registry set players will be very hesitant and selective about what they now buy.

NGC's ultimate goal is to remove the PCGS coins from their registry sets. Since about half of my coins are split between NGC and PCGS graded coins my registry sets are now obsolete. Registry sets are now of little interest to me and I will continue collecting coins based upon my personal interest rather than expand into new types of coins. I have devoted my remaining coin collecting budget to other interests. Heritage, Great Collections, and other coin auction houses you may thank NGC for the drop in interest and price of coin collecting. My wife will enjoy her new ride in her bmw z4 . happy wife happy life.

Apology accepted.

It is necessary to have a national organization such as the ANA to establish and maintain a registry in order for the registry to have credibility. This will allow the registry to get a foothold. The ANA or like organization has the means to maintain and promote such a registry nationally. A small group of people would have little chance to gain the national exposure needed to establish the necessary credibility required for a registry to be accepted by collectors.

As for the previous comment, you have no idea what my resume is, what boards I have sat on, and organizations that I have led. So do not assume I am unqualified.

I agree that participating in competitive registry sets is not the reason to collect coins. You collect coins for the beauty of the hobby. But, competitive registry sets enhance the enjoyment of collecting coins for some collectors and is an incentive or attraction to others. Collectors have the option to participate in the registries. They are not mandatory. But, for those who do use the registry, the ANA is the perfect solution for providing a registry where collectors may list either their PCGS or NGC coins.. The most important statement in the Legends article reiterates my main point: the ANA represents the numismatic community and they have the resources and responsibilities to provide their members with a registry set for all graded coins. The ANA is our society and we should lobby their board to develop and maintain a registry set for their members. If they refuse then we should "drain the swamp."

Your concerns regarding the development and upkeep on a new, independent registry site are the very reasons that I suggested that the ANA assume the role of keeper of the registry. The ANA is the watchdog, promoter, and overall spokesman for the numismatist society and therefore should avail themselves of every tool to support the coin collectors who support them. Many coin collectors like to compete against other coin collectors for whom has the best set. This encourages collectors to upgrade and add to their sets. Other collectors may be attracted to the various types of coin sets they can complete with the purchase of a few additional coins they had not previously considered purchasing. The registry promotes cash turnover for dealers, PCGS, NGC, ANA and collectors. And, the registry is an important tool to keep the hobby alive.

I began using the NGC registry set approximately five years ago. The NGC registry set has enhanced my interest in coin collecting because it gave me an incentive to compete with other collectors to improve the coins that I have. Without the NGC registry sets I would have only been interested in gold and Morgans. But, with NGC providing their members with the registry and demonstrating that there are many interesting coin collections to obtain I have become an avid collector of many types of US coins.

I am very disappointed that Mark Salzberg and NGC have decided to exclude future purchases and additions to my collection of PCGS coins from the NGC registry. The reason that I originally choose the NGC registry over the PCGS registry was so that I could add both my NGC and PCGS coins to the sets. I have spent tens of thousands of dollars to accumulate the best possible set that I could possibly obtain. Like many others, I was purchasing the coin not the slab. It is clear that the only reason the grading companies such as NGC and PCGS offer the registry to their members is to generate a source of income - to create competition solely among their members, thereby creating a division between collectors.

A true coin/set registry should be administered by an independent numismatic service for the purpose of providing avid coin collectors with a true and unbiased opportunity to compete with other members. This is a prime opportunity for the American Numismatic Association (ANA) to step up to the plate, take a leadership role and promote a dying hobby by creating an independent, unbiased national numismatic registry for both PCGS and NGC coin collectors. Thus, I am requesting the ANA take note of my suggestion and act immediately.